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Cloud computing provides consumers with greater flexibility, scale, and mobility. Customers may focus on more important activities instead of spending money and effort on old IT systems. They may immediately get the computer resources they require without making a huge upfront investment—and only pay for what they use.
The accounting industry has embraced evolving technologies like cloud computing, IoT, and big data that simplify the lives of accounting professionals. Cloud-based accounting significantly decreases the time accountants need to complete fundamental operations, in contrast to traditional accounting, which requires a lot of human data entry. Accounting practices and financial data are revolutionized by cloud computing.
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